whoever bought these shares & gained today sure knows how to discover the needle in the haystack.

in fact, LIONDIV started to move since yesterday. up 10 cents.

i have it in my portfolio, it is also one of the shares that i am monitoring. i know how its price move, normally.

these 2 days, the share price is moving too fast. a little "unhealthy"

5K . Cover my lost on Ranhill already


Cancel my order on Lioncorp. Q Onasteel 150 lots 1.50. Mainly bcoz of Dividend 12 sen per share and Steel theme. For short and medium play . Wish me luck guys

5k gain?!! Congratz man,
Onasteel haven't declared the dividend, is it?

wow you must be buying alot.

goognio , just curious, ever think of what steps to take if the price goes down?

150 lot of Onasteel = RM24000 la!!!

everyday Q for sell and still cannot get buyer.
today, the volume is extra thin...

I think those who have made a healthy profit today should sell and run. Tomorrow might be a big bad day for DJIA.

thanks for highlighting ONASTEL. i am sourcing for good quality dividend stock with decent or high DY.

hmmm, both PANAMY & ONASTEL gives a steady 0.08% dividend, it seems.

now i am considering between the two.

p/s: i checked KLSE and starbiz, but there is no announcement on the 12 sens dividend for ONASTEEL.

This I can find about Onasteel.

Ornasteel Holdings (RM1.51) reported a good set of numbers for the first quarter of 2008 (1Q08). Net profit was up by about 5.7% year-on-year (y-o-y) to RM24 million — and was significantly higher than the RM15 million in 4Q07, where margins were affected by higher costs of production.

Ornasteel has successfully recovered lost ground by raising selling prices for its products. Operating margins in 1Q08 improved to 10.9% from 8.6% in 4Q07 and 9.9% in the previous corresponding quarter.

Higher selling prices and sales mix lift margins
The faster-than-expected margins recovery has allayed some of our fears that the company is unable to pass on higher costs under competitive market environment. To minimise the risks of future pricing mismatch, Ornasteel has adopted a monthly pricing basis instead of the usual quarterly pricing basis. The move will help protect margins from further cost increases.

Additionally, demand for cold rolled coils (CRC) has strengthened in the last quarter. Sales for CRC enjoyed a strong 23% y-o-y growth to RM187.9 million, accounting for some 55% of total sales. This has helped pick up the slack in sales for galvanised steel (GI) and pre-painted galvanised steel (PPGI).

Demand for the building materials appears likely to decline further with the slowdown in property and construction projects.
The shift in sales mix — CRC accounted for about 47% of sales in 2007 — also helped boost overall margins. Margins for CRC are much higher than those for GI and PPGI at roughly 10.4% and 4.7%, respectively in 1Q08.

But cautious on outlook
Despite the improvement in financial results, management remains cautious on the outlook going forward. Prices for iron ore, coking coal and crude oil have continued to climb in the past weeks — in turn raising costs for hot rolled coils (HRC), the company’s principal raw material.

Although Ornasteel has managed to pass on the higher costs so far, further selling price increases may eventually dent demand. Indeed, stronger sales in 1Q08 were due primarily to higher selling prices while volume demand growth was more muted.

Leveraging on the CSC brand name
Positively, Ornasteel’s close relationship with its controlling shareholder, China Steel Corp (CSC), gives the company a competitive edge.
Ornasteel sources about 60% of its HRC requirements from CSC, including high-grade interstitial atom-free steel that is difficult to obtain in the open market.

The better quality raw material enables the company to produce higher grade CRC, the bulk of which are currently imported. In fact, about half of our country’s CRC consumption is currently imported, suggesting plenty of room for substitution.

Ornasteel has proposed to change its name to CSC Steel Holdings. The move will enable the company to capitalise on the established brand name of the Taiwan-based steel maker.

Fairly valued with higher-than-market average yields
The stock is trading at about 6.7 times our estimated 2008 earnings, which is fairly consistent with the average valuations for steel stocks. Net tangible assets stood at RM1.88 per share. Given prevailing positive sentiment for the steel sector and Ornasteel’s higher-than-market average yields, its downside appears limited.

Ornasteel’s balance sheet is in good shape. Net cash increased to RM75.4 million at end-1Q08 from RM53.8 million at end-2007. With minimal capital expenditure planned, its cash position should improve further.

Hence, shareholders could expect relatively generous dividend payouts in the current year.

Dividends totalled 12 sen per share in 2007. Assuming a similar payout, dividends should rise to 13 sen per share, which will give investors an attractive net yield of 6.4% at the current price

genting at 5.45/5.50 doing down. last done 5.45

resort at 2.93/2.94 last done 2.94

This post has been edited by mlpk: Jun 11 2008, 02:45 PM

thanks cherroy & Neo18 for the updates.

KLSE so dramatic one... green and red...vice versa... keep on changing every minutes...

anybody interested in punting on GENTING-CJ?

You still having your Genting at 6.20?

Nowadays, too risky to keep blue chips, price drop very drastic

still oh, a little regret didnt let go when that day it rebounded to 6.20

my dad masuk stock at 5.45, grrrrr

why do u say that? any bad news coming out tonite??

isn't bad news going on everyday?

especially very bad ones punya la